Hirose News|July 1, 2014 2:16 AM

Some announcements that may impact the markets this week


Big news for this week!


Below are some announcements that may impact the markets this week:


GMT

 

 

Monday, June 30

05:00

JPY

Housing Starts

09:00

EUR

Consumer Price Index

12:30

CAD

Gross Domestic Product

14:00

USD

Pending Home Sales

23:50

JPY

Tankan Large Manufacturing Index

Tuesday, July 01

04:30

AUD

RBA Interest Rate Decision

07:55

EUR

Germany Unemployment Change

09:00

EUR

Unemployment Rate

Wednesday, July 02

01:30

AUD

Trade Balance

09:00

EUR

Gross Domestic Product

14:00

USA

Factory Orders

Thursday, July 03

01:30

AUD

Building Permits

08:00

EUR

Markit PMI Composite

11:45

EUR

ECB Interest Rate Decision

12:30

EUR

ECB Press Conference

12:30

USD

Nonfarm Payrolls

12:30

USD

Unemployment Rate

Friday, July 04

06:00

EUR

Germany Factory Orders

07:00

GBP

Halifax House Prices



Market News


USDJPY continued its fall today as the market continues to believe that the Fed will keep borrowing costs at current levels.  Data out this week showed that the US economy is not as robust as people expected leading to revised reviews of growth for the year.  The net effect is lower yields and a lower dollar.


The Kiwi dollar has been one of the best performers this month (and this year) as data continues to look good with the potential for higher interest rates on the horizon.


Gold (XAUUSD on MT4) continues to head up as instability in Iraq encourages investors to believe the metal will hold its value if the crisis widens.

 

 

HIROSE News

What is the best currency pair to trade?


Have you ever found yourself in a position where you have taken out a position on one currency pair but nothing happens, while another instrument is flying around?

Chances are you may have.  So how do you trade the best market?

1.      You need to be a bit more scientific

2.      Work out what time period you want to trade intraday or long term - markets tend to require a bit of volatility to trade successfully, especially for intraday trading.

3.      Find clean easy patterns that complement your indicators. Bad patterns lead to bad emotions and mistakes can creep in, but most importantly keep it simple.

If volatility is an aspect of your trading try looking at the Average True Range (ATR) for your pair.  The ATR is the difference between the high and low point on any given timeframe.  The larger the range is an indication of increased volatility.  Currency pairs with extremely low or high ATRs should be handled with caution.


Other news

Please note that the market for USDJPY on our Binary platform will now offer 5 minute markets. We would love to hear any feedback you may have which will give us the potential for adding additional 5 minute markets if required.  Please reply to Info@hiroseuk.com


Happy trading!